Shares of Bandhan Bank Ltd. gained 14% on Wednesday, April 29, as the stock will be reacting to their March quarter results that were reported after market hours on Tuesday. Analysts having coverage on the stock have mixed views on the stock with those bullish projecting an upside potential of up to 24% and the…
Shares of state-run Indian Overseas Bank Ltd. surged as much as 4% on Wednesday, April 29, in response to its March quarter results, which showed improvement in its profitability and better asset quality. Net Interest Income (NII) or core income for the quarter grew by 11.1% from the same quarter last year to ₹3,470 crore…
Markets may not be weakening, but they are also not ready to break out. The recovery is intact, yet near-term upside is likely to remain capped as earnings risks and macro uncertainty build, says Raman Jauhar, Managing Director and Head of Equities at Axis Capital. “Expect markets to be a little bit range bound… 23,000…
Shares of Bajel Projects Limited jumped over 13% from the day’s lows on Tuesday, April 29, after the company secured ultra-mega EPC orders for transmission lines from an international client in the Middle East and North Africa (MENA) region. The orders involve the construction of 500 kV overhead transmission lines across two contiguous sections (Lot…
George Joseph, Chief Investment Officer & CEO–Equity at ASK Investment Managers, says India’s long-term fundamentals remain strong despite global uncertainty, with GDP potentially doubling in 7–10 years. He favours cyclicals like banks, autos, capital goods, real estate, and defence, supported by inflation trends and global spending. He is also bullish on the entire power value…
Granules India Ltd. shares recovered from the lows of the day to gain on Wednesday, April 29, in response to the fourth quarter results reported by the drugmaker, which were strong on the operational front. The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 39.6% from the same quarter…
Following an about 11% year-to-date correction, shares of Bharti Airtel Ltd. are seen as well placed to outperform over the next 6 to 12 months, according to Citi. Citi has maintained its ‘buy’ rating on the stock, while trimming its price target by 8% to ₹2,180 from ₹2,380. Despite the cut, the revised target still…
Indian Bank reported a steady March quarter performance on April 29, with profit growth remaining modest even as the lender took a precautionary hit from global developments. The bank also outlined capital-raising plans and declared a dividend, signalling a balanced approach between growth and prudence. Net profit for the quarter rose 6.4% year-on-year to ₹3,173…
Shares of Bansal Wire Industries Ltd. gained nearly 5% on Wednesday, April 29, after the company reported a positive fourth quarter performance. The stock then cooled off from the day’s high. Bansal Wire Industries’ net profit, revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) increased from the same quarter last year, but its…
1 / 8 Seven stocks have hit their all-time highs on Wednesday, April 29. These include Emcure Pharma, Tenneco Clean Air, Emmvee Photovoltaic, GE Shipping, Welspun Corp, Bharat Forge and MCX. The stocks have gained from 2.9% to 13.7% in intraday trade. Some have extended their gains over three days, five sessions and even for…
